Your interest formula is given to you.
Interest in a year = principal (the amount invested) * rate (the interest rate) * period (the time you're measuring)
Interest = 55,000 * 2% * 1 year = 55,000 * 0.02 * 1 = $1,100
How much would you need to have made for your spending power to keep with inflation? Your interest rate would have needed to match the inflation rate, otherwise prices are going up faster than you're saving.
Required interest = 55,000 * 3.24% * 1 year = 55,000 * 0.0324 * 1 = $1,782
How much buying power did you lose? The difference between your required interest and your actual interest.
Buying power lost = 1,782 - 1,100 = $682. You lost this much in buying power.
Hope that helped :)
Answer:
y=770-55x --- given
y - 770 = 770 - 55x - 770 ----subtraction property of equality
y = -55x + 770 ---Simplification
y-770/-55 = -55x/-55 --- Division property of equality
-y-770/55=x---Simplification
Step-by-step explanation:
Answer:
It's Either B Or D
Step-by-step explanation:
only because They Only number that are closer so you can reverse it is 18 or 96
Answer:
0.19+0.46i and 0.19-0.46i
Step-by-step explanation:
hope its right
